Kinetic Mines and Energy Limited Announces Sales Results for the Eleven Months Ended November 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017
The Group expects that its consolidated net profit before taxation for the year ending December 31, 2017 will increase significantly by over 150% as compared to the consolidated net profit before taxation of RMB 193.1 million for the year ended December 30, 2016. This is mainly attributable to an increase in both sales volume and average selling price of the Group's coal products for the first eleven months of 2017.